SCRAP DEAL
August 1st, 2001
BY KEITH NUTHALLTHE EUROPEAN Commission has cleared the planned acquisition by Interseroh AG of Hansa Recycling GmbH, using its merger approval powers under the European Coal and Steel Community. Both companies trade in ferrous scrap and are based in Germany, where their services overlap in some regions. In a statement, Brussels said that there were no competition concerns as the combined group would command just five per cent of the EU iron and steel scrap market and would have several significant competitors, including the large European steel groups, including ...
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